4. Know the Facts on Taxes
Want to learn a little more on the industry as a tax return trick? Check out these interesting facts and figures:
- 25% of individuals and married couples choose to file in April. Best case scenario: there was only 15 days left to file.
- The average refund for the individual or household last year was $2,860.
- Assuming a 1% interest compounded monthly over one year, the IRS earns $343. 20 by pocketing your money for the year.
- 9% of tax returns are filed within the last few days of the deadline.
- 67% of tax returns are filed online.
- Only 0.3% of all those who earn less than $200,000 a year are audited by the IRS.